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Posted Sat, 23 Sep 2023 19:13:17 GMT by
I have 1 x CONTRACTED-OUT OF SERPS/S2P pension at 46k with a GAR and SIPP Pension at 21k. Can I take 25% as tax free lump sum on both and leave the rest invested, So 25% of 46k = £11,500 Tax Free 25% of 21k = £5250 Tax Free Total = £ 16750 lump sum Tax Free Thank you.
Posted Fri, 06 Oct 2023 15:59:44 GMT by HMRC Admin 25 Response
Hi Nojt.
Please refer to:
PTM063300 - Member benefits: lump sums: uncrystallised funds pension lump sum (UFPLS)
to see if your pensions meet the conditions. 
Thank you. 

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